Regulators ink co-operation pact

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The Securities and Exchange Board of India (SEBI) entered into a memorandum of understanding (MoU) with Canada’s Manitoba Securities Commission (MSC) on 20 April 2022, to create a formal basis for cross-border co-operation, exchange of information and technical assistance.

The MSC is the SEBI’s counterpart in the province of Manitoba, Canada. The MoU is essential for permitting entities from Manitoba to be registered as foreign portfolio investors.

About 20 Manitoba-domiciled foreign portfolio investors with total assets of INR26.6 billion (USD343.7 million) are expected to benefit and would be eligible to continue investing in the Indian markets.